Canadian D&O limits average Cdn$71 million

By Canadian Underwriter | November 30, 2006 | Last updated on October 1, 2024
1 min read

Canada’s average reported Directors & Officers (D&O) liability insurance limit was just under Cdn$71 million, according to a survey of 270 TSX/S&P companies.

Hunters International Insurance, a Toronto-based company, conducted the study. It found the highest reported overall D&O limit in 2006 was Cdn$333 million, while the lowest was Cdn$4.5 million.

“All of these figures are lower than last year,” Hunters said in a press release announcing the results of the survey. “The range in limits can be attributed to a number of factors, the most significant being the range in size of companies forming the TSX/S&P 300.”

Hunters’ second annual survey of D&O insurance in Canada collected the information from TSX-traded companies’ management information circulars.

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